📋 Tender Overview
Following Namibia’s listing on the Financial Action Task Force’s ‘grey list’ in February this year, the European Union has this morning kicked off a tailor-made training workshop for Namibia’s relevant officials in charge of financial intelligence analysis, investigations and prosecution of money laundering and terrorist financing as well as tracing and recovery of proceeds of crime.
This training workshop is organised in collaboration with Namibia’s Financial Intelligence Centre (FIC). After being placed on the grey list in February this year, Namibia requested the European Union Delegation (EUD) in Windhoek and the EU-funded AML-CFT ESCAY Project agreed to provide Technical Assistance to address the shortcomings that led to her grey listing.
Running throughout this week (08 - 12 July 2024), this training workshop is expected to build the capacity of the attending officials, to enable Namibia to sufficiently implement the necessary actions identified in the FATF action plan and to enhance Namibia’s compliance with the relevant international and FATF Standards and thereby exit from the grey list within the shortest time possible.
In her remarks during the opening ceremony of the workshop this morning, H.E. Ana Beatriz Martins, EU Ambassador to Namibia said: “The EU is increasingly present alongside its partners in Africa, to contribute to the stability of states and to allow for informed, effective, and sound financial systems. We are therefore very delighted to be here this morning, to offer our support to Namibia, not only to exit the grey list, which is a priority for us all, but to also strengthen her framework in fighting illicit financial flows, money laundering and forms of organised crime.”
Representing the Namibian authorities, Mr. Bryan Eiseb, Director of the FIC Namibia said: “Together, let us continue to strive for excellence and make a lasting impact in safeguarding the integrity of our financial systems and protecting the interests of society at large. We must consolidate our efforts amongst state agencies, the private sector and international partners to disrupt financial crime, we must use all tools available in our criminal justice arsenal to identify proceeds of financial crimes and intervene on these proceeds so that we demonstrate that Crime does not pay.”
With over 30 in attendance, the participants in the workshop are drawn from the Namibia Police force, the Anti-Corruption Commission, the Namibia Central Intelligence Service (NCIS), the Office of the Prosecutor General (OPG), the Namibia Financial Institutions Supervisory Authority (Namfisa), the Namibia Revenue Agency (NamRA), the National Payments System and Financial Surveillance, the Banking Supervision in the Bank of Namibia and the Financial Intelligence Centre.
The training team will seek to assist Namibia to comply with international standards in Anti-Money laundering (AML), Counter the Financing of Terrorism (CFT), and Counter Proliferation Financing (CPF).
The European Union, through the EU Delegation to Namibia, is committed to work with Namibia in her efforts against illicit financial flows and more immediately, in her efforts to exit the FATF grey list.
